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<br /> k grants and conveys to Trustce,in trust,with pawer of salc,thc following dcscribcd property located in thc Caunry of _��n,.
<br /> Ha 11 ,5tate oi Nebraska:
<br /> ' i I.OT ELEVEN (11). WEST BEL RIR FIFTIi (5TH) SUBDIVISIUN, CITY OF GRAND ISL.ANQ, ___
<br /> • � HALL COUNTY, NEBRASKA. =-
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<br /> � which has the address of 1736 SOUTH CURTIS ' �
<br /> GRAND ISLAND Ic��y� ,Nebraska 68803 [z1P c�ael (herein "Praperty Address")
<br /> � TOGETHER wlth all the improvemen[s now or hereafter crected on the property, and all easements, dghts,
<br /> r�• appurtenances and rents (subject however to the rights and autharities given herein�o Lender to collect and apply
<br /> � such rents),all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust;and _
<br /> � all of the foregoing,together with said property(or thc lcasehold estate�f thts Deed af Trust is an a leasehold) are
<br /> hereinaf[er referred to as the"Properry';
<br /> � -.� � TO SECURE to Lender[he repayment of the indebtedness evidenced by Borrower's note dated
<br /> December 3. 1997 and extensions and renewals[hereof(herein "Nvte"),in the principal sum of
<br /> � U.S.S 43,000.00 , with interest�hercon,providing for monthly installments of principal and intcrest:
<br /> 7 with the balance of the Indebtedness. if not sooner paid,due and payable on December 8, 2012 ,
<br /> . -`�— tlie paymcnt af:.1!other snr.u, wlth in!Pre.ec�hereon, advanced in accordance herewith to protect che securlty of this
<br /> ., Deed of Trust;and tl�e performance of ihe covenants and agreements of Bonower herein wntained.
<br /> Bonawer covenants that Bonower Is lawfully seised of the estate hereby conveyed and has the right to grant and
<br /> convey the Properry,and that the Property is unencumbered,except for encumbrances of record.Bonower covenants
<br /> that Borrower warrants and will defend generally the title to the Property against all claims ar.d demands, subject to
<br /> encumbrances of record.
<br /> UNIFORM COVENANTS.13onower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Bonower shall promptly pay when due the principal and interest
<br /> indebtedness evidenced by the Note and latc charges as pravided in th�Note.
<br /> ' 2. Funds for Texes and Insurence. Subject to applicable law or a written waiver by L.ender, Borrower shall
<br /> ` pay to Lcnder on the day monthly payments of principal and interest aze payable under the Note, until the Note is
<br /> paid in full, a sum (herein "Funds") equal to one-twclfth of the yearly taxes and assessments (including
<br /> condominium and plumed unit development assessments, if any)which may attain priority over this Deed of Trust,
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<br /> and ground rents on the Property, if�ny, plus one-twclfth of yearly premium installments for hazard insurance,plus
<br /> "' one-[welfth of yearly premium inscallments for mortgage tnsurance, if any, all as reasonably estimated fnitially and
<br /> " from time to time by L.ender on the basis of assessments and bills and reasonable cstimates thercof. Bo�tower shall
<br /> not be obligated to make such payments of Funds to Lender to the extent that Bonower makes such payments to the '
<br /> ' holdcr of a.prior mortgage or deed of trust if such holder is an institutional Icnder.
<br /> If Borrower pays Funds to C�ender. the Funds shall be held in an institution the deposits ur accounts of which
<br /> are insured or guaranteed by a federal or state agency (including Lcnder if Lender is such an tnstitution). Ixnder
<br /> � shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents, Lender may not charge =--
<br /> for so holding and appiying the Funds,analyzing said account or verifying and comptling said assessments and bills,
<br /> � w ►►nicss Lender pays Borrowcr interest on the Funds and applicable law permits Lender to make such a charge.
<br /> ,� Borrower and l.cnder may agrcc in writing at the time of executtori of this Decd of Trust that interest on the Funds
<br /> shall be paid to Borrower, and unless such agreement is made or appllcable law requires such interest to be paid,
<br /> •• . Lender shall not bc rcquired to pay Borrower any interest or earnings on the Funds.C.ender shall give to Banower,
<br /> without churge, an annual accounting of the Funds showing credtts and debits to the Funds and the purpose for R:
<br /> � �vhtch each debit to thc Funds was made. The Funds are pledgcd as additional security for the sums securcd by this _ __
<br /> Dccd of Trust. Form 3828 :`�
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<br /> �-781NH1 issosi Pepa Y ol 6 """"":����} t��
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